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WHAT IS A POS?

April 26, 2017pos

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WHAT IS A POS?

3 Answers

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A POS is a ‘Point Of Service’ plan which is a hybrid of an HMO and a PPO. It’s less restrictive than an HMO but more restricted than a PPO. A POS plan may or may not make you choose a PCP (see HMO above) and may or may not provide any out of network benefits.

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A POS is an official Point of Service that acts as a front office to accept valid KAF, scrutinizes / verifies the supporting documents and issues a KYC Compliance Letter. Such POS locations are available on the website of Association of Mutual Funds in India (AMFI) at www.amfiindia.com/ and on our website www.hdfcfund.com/. The KYC compliance letter must be kept with you at all times for future use. • How do I / We get KYC compliant and are there any charges to be paid? HDFC Mutual Fund requires you to submit a completed KAF at a designated POS, seeking certain mandatory information about you, your address, income, nationality, occupation etc, supported by valid documents and also a recent photograph. Presently, there are no charges for getting KYC compliant. • How will I / We come to know my /our KYC Compliance status? On receipt of KAF along with the required documents, the KYC Compliance letter will normally be issued across the counter at the designated Official Points of Service a

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A8: A Personal Operating Space (POS) is the space about a person that typically extends up to 10 meters in all directions and envelops the person whether stationary or in motion.